September 29, 2020 – Oceaneering International, Inc. announced that its Aerospace and Defense Technologies (ADTech) segment has secured a contract with Naval Sea Systems Command (NAVSEA) to operate and maintain the U.S. Navy’s submarine rescue systems. The contract duration is one year, with four one-year extension options, with a potential value of $119 million.
Oceaneering’s scope of work is to engage with the U.S. Navy’s Undersea Rescue Command, based at Naval Air Station North Island in San Diego, California, to maintain, certify and operate submarine rescue systems and supporting equipment. For over 20 years, Oceaneering has supported the U.S. Navy Submarine Rescue program with significant engineering efforts and capability enhancements. This new contract represents significant growth in Oceaneering’s role in supporting operations and maintenance.
Philip Beierl, Senior Vice President of Oceaneering’s ADTech segment, stated, “We are excited about this opportunity to leverage our many years of experience in submarine rescue, submarine maintenance, and offshore subsea operations to help ensure the U.S. Navy has a safe, robust, and ready submarine rescue capability. Oceaneering’s highest commitments are to safety and quality, and we look forward to working closely with other U.S. Navy stakeholders and contributing to the international submarine rescue community.”
Rod Larson, President and Chief Executive Officer of Oceaneering, stated, “It is a privilege to continue providing the U.S. Navy with exemplary solutions. This award is the latest example of how we continue to provide our non-energy customers with superior service and technologies while growing this promising segment of our business.”